In recent years, despite the unfavorable factors such as the euro zone crisis and the collapse of oil prices, the global construction machinery tire market has steadily grown in 2011-2015. The main members of the global construction machinery tire manufacturers are: Michelin, Bridgestone , Goodyear, Yokohama, Pirelli , Alliance, BKT, and Ma. In the past few years, the global construction and infrastructure sectors have maintained a good growth rate and have driven the growth in demand for construction machinery vehicles and construction machinery tires. In addition, the increase in the use of heavy machinery and equipment in the agriculture, mining and industrial sectors has also boosted the demand for agricultural tyres, mining tyres and industrial tyres.
Engineering tires
According to market statistics in 2015, there are more than 200 construction machinery tire production plants in the world, among which, the Asia-Pacific region exceeds 50%, which occupies a major position in the global market. Judging from the global engineering machinery tire market forecast from 2011 to 2021, global demand is expected to have an annual growth rate of 8% between 2016 and 2021. The mining, construction and industrial equipment markets are the leading industries. In the next few years, the global construction industry, industry, and infrastructure will maintain their growth momentum, especially in important developing countries.
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